Inox Wind, one of India’s leading wind energy equipment makers, said it will launch turbines with a capacity of 3 million watts (MW) each, 50% more than the typical, large turbine sold in India. The new turbines, to be launched in technical collaboration with US-based...
ENERGY
Sheikhpura, Jamui, Deoghar included in tomorrow’s city gas bidding
GAIL India, the country’s largest pipeline operator, said the government has decided to include two additional districts of Bihar — Sheikhpura and Jamui — and one more district in Jharkhand — Deoghar — in the 10th round of bidding for setting up of city gas...
GAIL orders supplies for gas line to North East, JHBD I to be complete in 2 months
GAIL India, the country’s largest pipeline operator, said it has placed an order worth Rs 1,100 cr to buy pipeline required to connect the North Eastern states to the ambitious Jagadishpur— Haldia—Bokaro-Dhamra project. The Jagadishpur—Haldia—Bokaro-Dhamra project runs through three states — Jharkhand, Odisha and West Bengal,...
Vedanta gets 10-year extension for Cairn oil block in Rajasthan
After years of uncertainty, Vedanta Resources received a 10-year extension for its lucrative Rajasthan oil block that it obtained with the Cairn India acquisition. “The tenure of the RJ Block PSC has been extended for an additional period of 10 years with effect from 15th...
Oil India finds gas in two wells in Assam in Q2
Oil India Limited (OIL) said it found hydrocarbons in two explorator wells in Assam in the July-September quarter. The first one, in Dibrugarh, produced natural gas at the rate of 1.15 lakh cubic meters per day, while the second one, in Tinsukia, produced gas at 1 lakh...
BHEL wins Rs 2,900 cr order from NTPC
Heavy machinery maker Bharat Heavy Electricals Limited said it won four orders for emission control equipment from power producer NTPC, worth about Rs 2,900 cr, The orders involve the supply and installation of Flue Gas Desulphurization (FGD) systems for control of SOx emissions at NTPC’s...
NTPC takes Rs 5,000 cr loan from SBI to fund capex
NTPC, India’s biggest power producer, said it has taken a loan of Rs 5,000 cr from the State Bank of India to fund its capital expenditure. The loan is repayable over a period of 12 years. This is one of the first large corporate loans...
L&T, partners win mega KG basin deepwater project from ONGC
Larsen & Toubro said it, along with its consortium partners Baker Hughes and McDermott International, has won the contract for constructing one of India’s largest deepwater oil and gas projects. The contract is for construction at ONGC’s KG DWN-98/2 basin that lies close to the...
RIL shuts down oil field in KG D6 block
Reliance Industries, one of India’s largest petroleum producers, said its D26 oil field in the KG-D6 offshore block has ceased production, a decade after oil started flowing from the field. The D26 was one of the three prolific fields of the D6 block. A field,...
Adani takes over Reliance’s Mumbai power business
Reliance Infrastructure Ltd said it has completed the sale of its Mumbai power business to Adani Transmission for Rs 18,800 cr. Out of the total amount, it has already got Rs 13,800 cr, and has used the amount to pay back its debt. It will...
Vedanta wins 41 oil exploration blocks in OALP for Rs 3,900 cr
Vedanta Limited, which operates the country’s largest on-shore petroleum mining facility, said it has emerged as the favored bidder to explore 41 oil and gas blocks in India at a cost of US$551 million (Rs 3,900 cr) over the next six years, including 8 offshore...
Reliance Power wins Rs 390 cr arbitration against Indonesian coal group
Reliance Power said it has been awarded damages of $56 Million, or about Rs 390 cr, by an arbitration panel in Singapore in relation to the acquisition of three mines in Indonesia. Reliance Power, an Anil Ambani Group company, had signed an agreement with Indonesia’s...
Power plants import less coal this year- ministry
The coal ministry said that there has been a 14% decline in the import of thermal coal by power plants in India in April-June, contrary to reports that the country’s import of thermal coal — used to drive steam turbines — increased during the three...
GAIL awards Rs 125-cr pipeline order to Ratnamani
GAIL India Ltd said it awarded the first contract for purchase of the 108 km, 24-inch diameter pipes under the Barauni—Guwahati segment of the Jagdishpur—Haldia & Bokaro-Dhamra Natural Gas Pipeline (JHBDPL) project to M/s Ratnamani for Rs 125 crore. “Line pipe procurement activities for the...
India spot power price increases 39% YoY in July
Both the price and demand for spot power increased in India in July this year compared to the same month of 2017, but were down from June due to the arrival of monsoon, India’s largest power exchange said. The average price of power sold via...
Nalco says facing a ‘coal crisis’ due to govt’s supply prioritization
Government of India’s NALCO, or National Aluminium Company, said its primary Aluminium smelter plant at Angul in Orissa is facing a ‘crisis’ due to the the shortage of coal to produce power. Smelting of alumina into aluminium is one of the most power-hungry processes in...
23 GW of solar parks sanctioned in India, Gujarat No.1
Gujarat, Rajasthan and Andhra Pradesh are emerging as the top destinations for large, utility scale solar projects in India, according to numbers from the Minister of New and Renewable Energy. According to data for Government of India’s “Solar Parks and Ultra Mega Solar Power Projects”...
Solar power overtakes wind in India
Solar power has emerged as the fastest growing segment within the renewable energy sector in India, overtaking the long-time favorite wind power. According to data from the Ministry of New and Renewable Energy, wind power was the clear winner till about 2014, but has clearly...
NTPC to add 5.7 GW this year, borrow Rs 12,500 cr
NTPC Ltd, the public sector power producer, will add 5,680 MW of power generation capacity this year and spend about Rs 22,300 cr on capital projects, the power ministry said. Out of the Rs 22,300 cr required for capital expenditure this year, Rs 12,468 cr...
Dealers getting petrol at Rs 36.68/liter, diesel at Rs 39.77/liter-Govt
The price of petrol charged to the dealers, before taxes and deal commission, is Rs 36.68 per liter in India as of July 16, while that of diesel was Rs 39.77, ministry of petroleum and natural gases has revealed. However, on that day, petrol was...